The State Bank of Vietnam (SBV) issued Decision No.2100/QĐ-NHNN on October 6th, 2017 to revise License of Malayan Banking Berhad – Ho Chi Minh City Branch.
Accordingly, the SBV Governor approved the additional operation of “trading and providing foreign exchange services in the domestic and international market within the scope stipulated by the SBV” to Item II of Article 3 of the operation license of the foreign bank branch No. 05/GP-NHNN dated March 29th, 2005 for the Bank of Malayan Banking Berhad - HCM Branch.
Bank of Malayan Banking Berhad - HCM Branch is responsible for providing the mentioned-above services in compliance with applicable laws; implementing procedures in line with Item 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 2011 on granting license to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign credit institutions with banking operations in Vietnam (as revised by Circular No.08/2015/TT-NHNN dated June 30th, 2015).
This Decision took effect from the date of signing and is an integral part of License No. 05/GP-NHNN dated March 29th, 2005 for Bank of Malayan Banking Berhad – HCM Branch.
Other certificates and documents on approving foreign exchange services which was granted to Bank of Malayan Banking Berhad - HCM Branch ceased to be effective from the date of signing this Decision.
VA